Surveys of manufacturers across the globe out
on Monday had found activity anemic at best, with China and the United
states both surprising on the downside.
That was one reason both the S&P 500 .SPX and the Nasdaq .IXIC suffered their worst starts to a year since 2001. [.N]
"Global growth and geopolitical stability remain the main sources of concern."
A South Korean finance ministry official on Tuesday said the government will take action to stabilize markets if needed.
Sweden on Monday gave its central bank chief formal powers to act immediately to weaken the crown and help push up inflation, a radical step among developed world institutions.
The European Central Bank was under pressure to do yet more after German inflation proved surprisingly weak in December, pushing down bond yields and slugging the euro.
The common currency held steady around $1.0831 EUR= on Tuesday, having touched a one-month low around $1.0780. Against ,
The dollar held steady, at 98.831 against a basket of currencies .DXY and at 119.41 against the yen JPY=.
Oil prices edged up on Tuesday as investors pondered the long run implications of the rift between Saudi Arabia and Iran.
Brent LCOc1 was quoted 0.3 percent firmer at $37.32 a barrel, while U.S. crude added 0.4 percent to $37.90.
That was one reason both the S&P 500 .SPX and the Nasdaq .IXIC suffered their worst starts to a year since 2001. [.N]
"Global growth and geopolitical stability remain the main sources of concern."
A South Korean finance ministry official on Tuesday said the government will take action to stabilize markets if needed.
Sweden on Monday gave its central bank chief formal powers to act immediately to weaken the crown and help push up inflation, a radical step among developed world institutions.
The European Central Bank was under pressure to do yet more after German inflation proved surprisingly weak in December, pushing down bond yields and slugging the euro.
The common currency held steady around $1.0831 EUR= on Tuesday, having touched a one-month low around $1.0780. Against ,
The dollar held steady, at 98.831 against a basket of currencies .DXY and at 119.41 against the yen JPY=.
Oil prices edged up on Tuesday as investors pondered the long run implications of the rift between Saudi Arabia and Iran.
Brent LCOc1 was quoted 0.3 percent firmer at $37.32 a barrel, while U.S. crude added 0.4 percent to $37.90.
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